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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Jon Koplik who wrote (7408)5/4/2007 12:06:42 PM
From: Jon Koplik  Read Replies (3) | Respond to of 33421
 
"So much inflation" that : US inflation gauge drops to 2-yr low in April ..................................

Fri May 4, 2007 9:40AM EDT

US inflation gauge drops to 2-yr low in April-ECRI

NEW YORK, May 4 (Reuters) - U.S. inflation pressures fell
in April to its lowest level in nearly two years due to
disinflationary changes in interest rates, loans, vendor
performance and jobs, a report said on Friday.

The Economic Cycle Research Institute's U.S. Future
Inflation Gauge, which is designed to anticipate cyclical
swings in the rate of inflation, fell to 116.6 in April from
118.6 in March.

"With the U.S. FIG approaching a two-year low, U.S.
inflation pressures are in a clear cyclical downswing,"
said
Lakshman Achuthan, managing director at ECRI.

The index's annualized growth rate, which smooths out
monthly fluctuations, dropped to minus 5.7 percent in April
from a revised minus 3 percent in March.


© Reuters 2006. All rights reserved.